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Year 9 Options » Accounting


Key Information

Examination Board Cambridge International Examinations
Syllabus Code  0452


Accounting is a subject that deals with the recording, reporting, presenting and interpreting financial information. Cambridge IGCSE Accounting is accepted by universities and employers as proof of an understanding of the theory and concepts of accounting, and the ways in which accounting is used in a variety of modern economic and business contexts.

Course Content

The IGCSE Accounting syllabus covers (at a glance) the following 7 topics:

  1. The purpose of accounting Sources and recording of data: The double entry system of book-keeping • Business documents • Books of prime (original) entry
  2. The ledger Verification of accounting records: The trial balance • Correction of errors • Bank reconciliation • Control accounts
  3. Accounting procedures: Capital and revenue expenditure and receipts • Accounting for depreciation and disposal of non-current assets • Other payables and other receivables • Bad debts and provision for doubtful debts • Valuation of inventory
  4. Principles of financial statements:  Income statements • Statements of financial position
  5. Preparation of financial statements: Sole traders • Partnerships • Limited liability companies • Clubs and societies • Manufacturing accounts • Incomplete records
  6. Analysis and interpretation:  Summary of commonly used ratios • Interpretation of accounting ratios • Inter-firm comparison • Interested parties • Limitations of accounting statements
  7. Accounting principles and policies: Accounting principles • Accounting policies

The aims of the IGCSE Accounting syllabus are to enable students to develop:

  1. Knowledge and understanding of the principles and purposes of accounting for individuals, businesses, non-trading organisations and society as a whole


  1. An understanding of accounting principles, policies, techniques, procedures and terminology


  1. Improved skills of numeracy, literacy, communication, enquiry, presentation and interpretation


  1. Improved accuracy, orderliness and the ability to think logically


  1. An excellent foundation for advanced study.



IGCSE Accounting is a 2 year course which starts in Year 10 and culminates in examinations in Year 11. The syllabus is examined in both the May/June and October/November exam series.

The assessment comprises 2 components as follows:

Paper 1:             Time Allowed:  1Hr 45minutes                                          Contributes 50% of total marks

This is a structured question paper with 8–12 multiple choice items and short-answer questions. There are usually between 4 and 5 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.

Paper 2:            Time Allowed:  1Hr 45minutes                                            Contributes 50% of total marks

This is a structured question paper. There are usually 4 to 6 questions based on topics from the whole of the syllabus. All questions are compulsory, and candidates answer on the question paper. There are 120 marks for this paper.

Candidates must take both papers.

Candidates receive grades A* to G

Careers and Progression

Upon obtaining a pass in IGCSE Accounting candidates can proceed to study the subject at AS and subsequently AL. Candidates wishing to pursue degree programs and careers in Auditing, Accountancy, Business Management, Costing, Project Management, Insurance and Risk Management, Economics, Finance and others will find the study of Accounting useful.

For more information, contact:

  1. Mr N De Silva (subject teacher)
  2. Mr G Katsande (HOD Business Studies)